Hindustan Unilever (LON:ULVR) Ltd (HUL), a leading player in the Fast-Moving Consumer Goods (FMCG) industry and a prominent player in the Personal Care Products industry according to InvestingPro Tips, has announced plans to review its unaudited standalone and consolidated financial results for Q2 FY24 at a board meeting scheduled for October 19, 2023. The company also plans to discuss an interim dividend proposal during this meeting, as per their recent BSE filing.
HUL is known for its solid dividend history, which includes a final dividend of Rs 22 per share for FY23 and a total of 48 dividends since March 27, 2001. In fact, the company has maintained dividend payments for 23 consecutive years, as noted by InvestingPro Tips. The record date for eligibility for this interim dividend is set for November 2, 2023.
HUL shares closed at Rs 2522.30 per share on BSE today with a dividend yield of 1.55%. The company's market capitalization stands at Rs 5,92,637.40 crore. Additionally, the company's P/E Ratio for LTM2023.Q2 stands at -101.03 and the Price/Book ratio at 0.88 as per InvestingPro Data. This indicates that the stock is trading at a high earnings multiple and high Price/Book multiple, as pointed out in InvestingPro Tips.
The stock has seen significant growth in recent years, with an increase of 19% in the last three years and a jump of 62% in the last five. Over the past year, the share price has fluctuated between Rs 2768.50 and Rs 2393.00 according to their NSE filing. The stock generally trades with low price volatility, as stated by InvestingPro Tips.
Brokerage firm SBI Securities has predicted a target price of Rs 2829 per share for HUL stock. This aligns with InvestingPro's fair value estimate of 2.58 USD. Given the company's impressive gross profit margins of 11.6% as per InvestingPro Data, and its consistent increase in earnings per share as per InvestingPro Tips, this target price seems attainable.
For more insights and tips, visit InvestingPro's website - you can find more than 20 additional tips for HUL here.
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